NZ dollar pares losses as bargain hunters move in

Tue, 14 Aug 2018

By Rebecca Howard Aug. 14 (BusinessDesk) - The New Zealand dollar pared some of its recent losses against the greenback as bargain hunters moved in despite weak data from Australia and China that would normally have weighed on the kiwi. The local currency traded at 65.99 at 5pm in Wellington versus 65.72 cents at 8am and late yesterday. The trade-weighted index was at 71.76 from 71.47 yesterday. The kiwi's slump to its lowest level since March 2016 on the back of a more dovish-than-expected central bank continued to attract buying fr...

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